In recent weeks, it seems that every time I speak with a coaching colleague, they ask: ‘Are you noticing a downturn in your business?’ For a while, I was able to take a detached view – my business is holding up and I know from past experience that businesses, as they reshape for leaner times, need fitter leaders. There are opportunities for me in this market as well as challenges.

So, stepping back to take a larger view, I have been wondering about the questions the recession brings. What learnings does this recession point to for us – as individuals, for our organisations, for our economic and social models? Who or what do we want our economy to serve – and do we know? In what way, is the recession just the feedback that we need right now?

Still, increasingly, the recession is coming closer to home. One client organisation – for whom I am not currently doing any work – let me know last week that they are drawing their executive coaching to a close forthwith. My sessions with clients are peppered with talk of the impact of the recession on their businesses. Soon, questions of how to lead their organisations through the teeth of the recession will be top of the agenda for at least some of my clients.

Whilst for some, questions of survival have already started to kick in, I prefer to ask ‘How can I prosper during this time, no matter what?’ Henry Allingham, 112 years old and Britain’s oldest surviving veteran of World War I, gave his own answer in last weekend’s Observer Magazine. He described how he has never worried – not even in the great depression of the 1930s.

Perhaps another way to prosper during this time is to take a close look at our relationship with money – not only at the financial commitments we have made in our lives but also at the way we think and feel about money. Surely, this places Lynne Twist’s wise book The Soul of Money at the top of our reading lists right now. With its wonderful subtitle, Transforming Your Relationship with Money and Life, it delivers what it promises.